China’s sixteenth largest property developer by sales CIFI Holdings will cut up to eight percent of its workforce, according to a report on Friday in mainland news site thepaper.cn, as the developer fights for profitability amid China’s real estate slowdown.
Two co-founders of mainland e-commerce giant Alibaba Group are reported to have purchased a pair of luxury apartments in a posh part of Hong Kong’s southern district for a total of HK$560 million ($71.5 million), according to an account in… Read More>>
A house in southern Hong Kong island was sold recently for a record-high price of HK$180,000 ($22,985) per square foot, topping the list of Hong Kong’s most expensive homes ever purchased, according to a report in the city’s Apple Daily.
Singapore-based co-living platform Hmlet last week announced that it has raised $6.5 million in a series A round led by Sequoia India, the India affiliate of US venture capital giant Sequoia Capital.
The co-living startup, which has 13 locations in… Read More>>
According to information from the Hong Kong stock exchange, JP Morgan Chase & Co used a flurry of share trades to build its stake in China Vanke, the third largest real estate developer in China, to 11.13 percent as of… Read More>>
Angry tenants and landlords occupied the Beijing office of Haoyuan Hengye Long Term Rental Apartment late last month to mount their own extra-legal detention of the housing company’s management.
The move against the rental housing operator was related to allegations… Read More>>
US private equity firm Warburg Pincus on Monday announced that it is investing up to $413.5 million into Weave Co-living, and has launched the partnership with a $181 million bet on the sharing economy startup.
The partnership with Weave is… Read More>>
The Canada Pension Plan Investment Board (CPPIB), one of the world’s biggest pension schemes, said the trade tensions between the United States and China could open up opportunities for the national pension fund manager to acquire Chinese assets at knock-down… Read More>>
Global property investment manager TH Real Estate announced on Thursday that it has launched a $2 billion open-end core property fund focused on key cities in the Asia Pacific region. The manager’s parent company, Teachers Insurance and Annuity Association of… Read More>>
Financially-troubled mainland conglomerate HNA continued its ongoing series of property disposals on Wednesday as it announced an agreement to sell its Central Hotel Square project in Guangzhou to China Vanke for approximately RMB 1.035 billion ($150 million) in cash, subject… Read More>>